Hello my dear friends Its always a good chance to take NEO before market jump to the upper level. New from yesterday has a good support on 37. Now it's time to buy for 4 targets,as you see hey are on the chart , I hope, In one month it will touch all the 4 targets. I hold it personally for the long term, but we can always take a good profit of it :)
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@HamidFarhadi thanks for the analysis! In your opinion, how likely is NEO to remain its current down trend before shooting up? It broke 36 earlier and it's still looking quite bearish on the 4h chart imo. Do you think we'll go as low as 27 and hit a major support line, before we move back up?
HamidFarhadi
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@timn91, Omg if it goes under 30 , I will start to buy. I'm a long term holder. but after bitcoin passes the resistance it will start to go up to the targets.
timn91
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@HamidFarhadi, thanks for the reply! So in other words, right now would be a good time to load up on NEO, right? I mean if it won't drop anymore, at least not significantly, right? I'm planning on becoming a long term holder too :)
HamidFarhadi
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@timn91, yes , after bitcoin , this one is one of the best
mfibbs
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@timn91, Don't listen to this guy, he doesn't know what he's talking about. All we have been seeing are abc retracements that is part of a bearish trend. Btc is out of steem at 8175...now what?...you think Neo is going to rocket up as BTC goes down. We are looking at support of $27 soon, if it breaks..Neo is in trouble. That's how I see it and most. We may hit $43.24 resistance by a longshot if we break 37ish, but we may be rolling over now. So keep an eye on Neo. We may have run out of steem at $35.84 which was nothing more than an abc.
timn91
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@mfibbs, thanks for your reply. I gotta say though I'm okay with it. I bought a couple of NEO coins and stored them away in my wallet. Even if NEO loses a couple of % or even more than 50% in a short or midterm, I'm okay with it. I'm not a trader, just a crypto enthusiast with a couple of bucks to spare who was interested in investing. And even if it takes a year, two or even five for it to recover and rise back up, I don't mind :) I'm investing VERY long term and if I haven't gotten in at the very bottom, I was at least pretty close to it considering where I believe NEO is going in the future.